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This article details more of the reasons behind the challenges of construction professional indemnity insurance and what can be done to rectify the issues. If you’d like to know more or have questions, speak to us now.
Read the full article

The latest twist in the building cladding debate has seen five organisations seeking the federal government to take leadership role and the Victorian Government propose insurers pay for fixing flammable cladding.
What does this mean for the building industry?
We are monitoring the situation closely, so contact us to discuss your circumstances and we will help you navigate the issue.

You are probably aware of the challenges facing insurance renewals for building certifiers and surveyors.
The recent article in Insurance and Risk Professional talks about the challenges facing the construction industry.

Download the Capital Mutual Brokerapp for useful information and tools when you need to contact us, lodge a claim or require fast access to your insurance portfolio details.
We will be right there for you, on your phone, 24/7.
Available for free in iTunes and Google Play

1. Premium Funding improves your cash flow by enabling you to pay your insurance premiums in flexible repayments - allowing working capital to stay in your business working for you.
2. Funding arrangements sit outside of any bank loans - your existing lines of credit are not impacted.
3. There are no on-going service fees and the repayments are fixed - you’ll always know how much to pay

Capital Mutual is offering all its client’s access to TravelCard. If the unexpected happens, TravelCard will ensure claims are assessed, approved and paid – all while you are still travelling#, with no out of pocket expenses.
TravelCard’s great benefits include:
• Real-Time claim settlement on approved claims
• 24/7 Global Assistance
• No $ Excess on any claim
• Cover for Overseas Emergency Medical & Hospital Expenses
• Cover for Trip Cancellation and Loss of Deposits
• Cover for Luggage and Personal Effects

We have rarely seen the drastic changes some businesses’ Professional Indemnity (PI) insurance are facing. We want to make sure you don’t get any nasty surprises in your upcoming insurance renewal.
PI insurance is under pressure. You need to check for:
• Rising premiums
• Reduced sub-limits
• New exclusions restricting your cover
• Your policy limits in conjunction with contracts - Councils and Government agencies typically request a minimum $10m limit, with many now requiring $20m

Danielle Carr is our fantastic Claims Manager, who also looks after several of domestic clients.
As Claims Manager, she deals with a range of different losses and is sometimes helping over 100 clients with their claims at any one time.

Any clients who are in Sri Lanka or looking to go, please be aware the Department of Foreign Affairs has updated its security warning today (24 April 2019) to:
Level 3 RECONSIDER YOUR NEED TO TRAVEL
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1. It covers loss of income – should your business be unable to trade due to a property loss such as a fire or storm damage. When you do reopen you are likely going to have to rebuild your client base.